chances for new pancakeswap lottery

hello all

there is a crypto lottery with following rules and I would like to know the chances to hit 4 numbers? Thank you in advance and stay safe and healthy

link to see the full rules is https://docs.pancakeswap.finance/lottery-1

FAQ link is https://docs.pancakeswap.finance/lottery-faq

Paying for one ticket will give users a random 4 digit combination with each digit being between 1-14, for e.g. “1-9-3-2”

To win the lottery jackpot (50% of the entire lottery pool), users need to match all 4 numbers on their tickets in the same position as the 4 winning numbers.

from the FAQ
Are all ticket numbers unique?
There are a total of 38,416 different ticket combinations. This may be adjusted later based on the number of participants.
Ticket numbers are given out randomly. As such, there is a small chance that a user receives the same 4 digits in two tickets held.

cheers
seven

Quote: seven

hello all

there is a crypto lottery with following rules and I would like to know the chances to hit 4 numbers? Thank you in advance and stay safe and healthy

link to see the full rules is https://docs.pancakeswap.finance/lottery-1

FAQ link is https://docs.pancakeswap.finance/lottery-faq

Oh WOW!. Just WOW at the totally unregulated, risky as Hal crypto product.
Can't help you with the rules. Wouldn't touch this with a barge pole.

Quote: OnceDear

Oh WOW!. Just WOW at the totally unregulated, risky as Hal crypto product.
Can't help you with the rules. Wouldn't touch this with a barge pole.

Fair enough thx and for trying but I just wanted to know the chances to win and get those 4 numbers out of 14

Something about this doesn't pass the smell test. It says that your four numbers are each from 1 to 14, but it also says that the method used to draw numbers only draws numbers from 1 to 10.

Since all generated tickets are random, the chance of winning a share of the jackpot with 1 ticket is 1/38,416.

Quote: ThatDonGuy

Something about this doesn't pass the smell test. It says that your four numbers are each from 1 to 14, but it also says that the method used to draw numbers only draws numbers from 1 to 10.

Since all generated tickets are random, the chance of winning a share of the jackpot with 1 ticket is 1/38,416.

thanks for taking the time to answer

I looked again but could not find where it says that only numbers from 1-10 are drawn

regarding the 1/38,416 it looks that I was confused by
Match all 4 numbers in the exact order

cheers
seven

Quote: ThatDonGuy

Since all generated tickets are random, the chance of winning a share of the jackpot with 1 ticket is 1/38,416.

dont forget they also say that number can be increased at will

from the FAQ page

Quote:

Are all ticket numbers unique?
There are a total of 38,416 different ticket combinations. This may be adjusted later based on the number of participants.

another thing - this is like a 12 year old who was bored and decided to make a lottery and was like "Wow i really like pancakes and lottery AND BUNNYS"

Quote: seven

thanks for taking the time to answer

I looked again but could not find where it says that only numbers from 1-10 are drawn

regarding the 1/38,416 it looks that I was confused by
Match all 4 numbers in the exact order

cheers
seven

From the main page, under "How are ticket numbers drawn?":
The 1st lottery number will be determined based on the %10 remainder of a hash encoded by the blockhash and the number of participating users at the entry deadline.
A "%10 remainder" means that the hash is divided by 10 and the remainder used. Okay, technically this is 0-9, but I assume 1 is then added to it.

However, I did look at the lottery page, and the list of recently drawn numbers are all in the 1-14 range.
The probability of winning is 1 / 38,416.
This is because the same number can be drawn two or more times. Go here to see recent draws, and there should be some with repeated numbers. Each position has a 1/14 chance of being matched. "Exact order" just means that if your numbers are, for example, 9, 2, 14, and 14, then you don't win if the drawn numbers in order are 14, 9, 2, 14.

Quote: ThatDonGuy

From the main page, under "How are ticket numbers drawn?":
The 1st lottery number will be determined based on the %10 remainder of a hash encoded by the blockhash and the number of participating users at the entry deadline.
A "%10 remainder" means that the hash is divided by 10 and the remainder used. Okay, technically this is 0-9, but I assume 1 is then added to it.

However, I did look at the lottery page, and the list of recently drawn numbers are all in the 1-14 range.
The probability of winning is 1 / 38,416.
This is because the same number can be drawn two or more times. Go here to see recent draws, and there should be some with repeated numbers. Each position has a 1/14 chance of being matched. "Exact order" just means that if your numbers are, for example, 9, 2, 14, and 14, then you don't win if the drawn numbers in order are 14, 9, 2, 14.

yes the same number can be drawn 2 or more times and I also saw the draw history and always in 1-14 range

this is the new kind of lottery as it is combined with new crypto coins to attract users/buyers

thanks to all again to try to shed some light

cheers
seven

Quote: seven

this is the new kind of lottery as it is combined with new crypto coins to attract users/buyers

thanks to all again to try to shed some light

cheers
seven

Hi Seven,

Just IMHO.
I realise that crypto currencies are controversial in their merits, with some saying it's all just some kind of Ponzi scheme or bubble, and others saying it's the solid future of currency, but this is one crypto that is hard to take seriously on any level. It ranks as something like #51 in terms of capitalisation. The website does not seem to show 'privacy policy'/ 'about us' sections and the 'lottery' they run seems a total regulatory joke. Nothing about it screams 'Trust me', especially the rules.

Looks like a fun way to give your valuable crypto away.

If you need to purchase 'stake' coins with more valuable fiat or crypto-currency, then expect your funds to take a one-way trip.

Caveat Emptor.

Quote: OnceDear

Hi Seven,

Just IMHO.
I realise that crypto currencies are controversial in their merits, with some saying it's all just some kind of Ponzi scheme or bubble, and others saying it's the solid future of currency, but this is one crypto that is hard to take seriously on any level. It ranks as something like #51 in terms of capitalisation. The website does not seem to show 'privacy policy'/ 'about us' sections and the 'lottery' they run seems a total regulatory joke. Nothing about it screams 'Trust me', especially the rules.

Looks like a fun way to give your valuable crypto away.

If you need to purchase 'stake' coins with more valuable fiat or crypto-currency, then expect your funds to take a one-way trip.

Caveat Emptor.

hi OnceDear

I fully agree with you and thanks for giving your opinion. very important that everyone will do his DD as there are good ones and bad ones out there. Bitcoin is a good example as it was for many years called a ponzi/scam and take a look now where it is.

I am looking at every new idea in connection with lottery and cryptos. to be frank I would like to open a crypto lottery and this is the reason that I check out every new crypto lottery. I have an idea and try to learn.

cheers
seven

Quote: seven

hi OnceDear

I fully agree with you and thanks for giving your opinion. very important that everyone will do his DD as there are good ones and bad ones out there. Bitcoin is a good example as it was for many years called a ponzi/scam and take a look now where it is.

I am looking at every new idea in connection with lottery and cryptos. to be frank I would like to open a crypto lottery and this is the reason that I check out every new crypto lottery. I have an idea and try to learn.

cheers
seven

Depending on jurisdiction, Lotteries and financial products are often highly regulated. Even operating a simple website or mailing list can come with quite strict legal requirements. So it makes me smile when I see unregulated products on websites where you cannot even pin down to a country who you are dealing with.
If you do develop your own site or product, stay within your own country's laws or you could make a big mistake.
Good luck

Quote: OnceDear

Depending on jurisdiction, Lotteries and financial products are often highly regulated. Even operating a simple website or mailing list can come with quite strict legal requirements. So it makes me smile when I see unregulated products on websites where you cannot even pin down to a country who you are dealing with.
If you do develop your own site or product, stay within your own country's laws or you could make a big mistake.
Good luck

again you are spot on!

many crypto casinos I know have the Curacao license and doing very well. I will start mine with the Curacao license and see how it works.

cheers
seven

Ok so I came across this forum while looking for info on pancake swaps lottery. What I was looking for specifically was the method they use to choose their numbers. I’m completely aware of the dangers in putting your money into a place with very little info, privacy policy, etc.. that’s not my concern atm.. and I realize that all the older replies to this question pertain to the old version of the pancake swap lottery. Some thing about numbers 1-14, I don’t know when this ended but it’s different now. I started tinkering around with it a few weeks ago.. The new system is played twice a day and involves guessing single-digit numbers. To win the big prize you have to match six in a row. You also get smaller prizes for getting the first number right, 2 in a row, and so on. On the PS lottery page can view all the winning numbers, prizes won, and amounts for each prize. You can also go thru the history all the way back to when the game started. So I looked at a handful of days. Now I’m hoping someone can come up with the probability involved in this. Now I didn’t check too many of these, but it seems pretty consistent on the amounts of all these from day to day. Stay with me now... It’s rare to see anyone get all 6 numbers, of course. The same goes for 5. Usually 1 or 2 entries get 4 correct. Typically between 6-10 entries will get 3 correct. From there, you can more or less multiply by 10.. So let’s say 6 people got 3 numbers correct.. then it’s safe to assume somewhere around 60 entries got the first two right. And then again around 600 would have guessed just the 1st number right. All those numbers don’t seem out of the ordinary, at least to me. Until I looked at the total number of entries. And can we not just dismiss this as oh yeah it’s a shady site. But if you look you’ll see numbers like 1500 entries total, with 600 guessing the first number right. But isn’t the probability to get the first number right one in 10? No I could see the numbers being skewed a couple times anomalies or what not. But it’s pretty consistent. Me personally in last last three weeks I’ve played a total of 13 times. And I have yet to match the first number. Anybody else played this game? Anybody get a number right? Look I’ll never give financial advice and I would hate anybody lose anything they couldn’t. But if you have some BNB and you’re in a position to carry a small amount of risk, try it out a couple times and see what happens. And if you do, let me know how it goes

Let me add that you can only win By guessing the first number right and so on